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Bank of England questions lenders over buy-to-let loans


Bank of England officials have raised concerns about buy-to-let lending with major UK banks, which lenders have interpreted as a sign to rein in landlord loans.

The Financial Times reports supervisors from the Prudential Regulation Authority have visited at least three major lenders in the last two weeks.

One source told the newspaper: “The message was clear — we think you have enough buy-to-let loans.”

The buy-to-let market is already showing signs of cooling following the hike to buy-to-let stamp duty in April and tougher underwriting standards due to come in in January.

The Bank of England will also reveal the results of its latest banking stress tests on Wednesday.



Govt raises personal allowance and higher rate tax threshold

The Government has confirmed the tax-free personal allowance will increase to £12,500 by the end of the current parliament. Announcing the Autumn Statement today, Chancellor Philip Hammond says the higher rate of income tax threshold will also move to £50,000 over the period. Hammond says that once the £12,500 allowance has been introduced the personal […]


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